Circleville RadioShack store on closure list

CIRCLEVILLE – A pair of RadioShack stores across the region are on a list of scheduled upcoming closures, but stores in Chillicothe and Waverly appear to have dodged the closure bullet.

According to an exhibit filed as part of a consulting agreement between RadioShack Corp., Hilco Merchant Resources LLC, Gordon Brothers Retail Partners LLC and Tiger Capital Group LLC, RadioShack stores in Circleville and Jackson are slated in a second wave of store closures that have been announced in connection with Chapter 11 bankruptcy restructuring.

The list of roughly 1,800 store closures was released during the weekend on RadioShack’s website. The list breaks the closures down into three waves, with the Circleville store at Pickaway Crossing off U.S. 23 and the Jackson location off Ohio 93 listed in the second wave. A location in Lancaster also appears in the second wave list.

The stores in the second wave are tentatively slated for closure by the end of this month. Some of the second-wave closing dates could be moved back to the third and final wave’s closing date of March 31 if a notice of the change is given by Feb. 18.

RadioShack locations in Chillicothe and Waverly do not appear on the list.

According to a release from RadioShack, the company has signed an asset purchase agreement with General Wireless Inc. to acquire between 1,500 and 2,400 of RadioShack’s company-owned stores.

General Wireless, meanwhile, has reached an agreement in principle with Sprint to establish what is being called a “store within a store” retail presence in about 1,750 of the acquired stores, pending court approval.

The mini stores would, on average, occupy about a third of the space within the existing RadioShack stores and would sell Sprint plans and devices.

A motion filed with the court deals with the closure of the roughly 1,800 remaining company-owned RadioShack stores under an agreement with Hilco Merchant Resources.

“These steps are the culmination of a thorough process intended to drive maximum value for our stakeholders,” said Joe Magnacca, RadioShack’s CEO.